Conrad Industries (OTCMKTS:CNRD) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Conrad Industries Inc. (OTCMKTS:CNRD) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $25.10 and traded as low as $25.05. Conrad Industries shares last traded at $25.05, with a volume of 1,209 shares trading hands.

Conrad Industries Price Performance

The stock has a market capitalization of $125.70 million, a price-to-earnings ratio of 6.54 and a beta of 0.55. The stock’s 50-day simple moving average is $25.12 and its 200 day simple moving average is $25.74.

Conrad Industries (OTCMKTS:CNRD) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.64 earnings per share for the quarter. The firm had revenue of $69.35 million for the quarter. Conrad Industries had a net margin of 6.07% and a return on equity of 19.54%.

Conrad Industries Company Profile

Conrad Industries, Inc is a U.S.-based shipbuilding and marine services company headquartered in Morgan City, Louisiana. The company specializes in the design, construction and repair of steel-hulled vessels for commercial, offshore oil and gas, and government applications. Through its three shipyards in southern Louisiana, Conrad Industries offers end-to-end solutions, from initial engineering and fabrication to final outfitting and delivery.

Its primary product lines include offshore support vessels such as platform supply vessels and crew boats, inland towing vessels and tank barges.